Investing.com - European stock markets edged higher Wednesday, with the focus squarely on the conclusion of the latest U.S. Federal Reserve policy-setting meeting.Prices grew by 2.9% year on year in October, the slowest pace since July 2021, from 4.3% a month earlier, according to Eurostat's flash estimate.is done with raising rates as part of its fight against high inflation.
Data showing a resilient economy has markets considering the possibility of a 25 basis point hike in December, and traders are looking to see if Powell attempts to keep another hike on the table.rose 0.9% on the month in October, an annual fall of 3.3%, in a sign that this battered sector is attempting a recovery after a series of rate hikes by the Bank of England.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: